Common use of Transfer of Mortgage Loans; Assignment of Agreement Clause in Contracts

Transfer of Mortgage Loans; Assignment of Agreement. The Seller hereby acknowledges and agrees that the Purchaser may assign its interest under this Agreement to the Trust as may be required to effect the purposes of the Pooling and Servicing Agreement, without further notice to, or consent of, the Seller, and the Trust shall succeed to such of the rights and obligations of the Purchaser hereunder as shall be so assigned. The Purchaser shall, pursuant to the Pooling and Servicing Agreement, assign all of its right, title and interest in and to the Conveyed Property to the Trustee for the benefit of the Certificateholders.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Access Financial Lending Corp), Purchase and Sale Agreement (Access Financial Lending Corp), Purchase and Sale Agreement (Access Financial Lending Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.